Binance enables 1:1 conversion between stocks and bStocks

Binance now lets eligible users swap select US stocks for tokenized versions called bStocks at a 1:1 ratio, and swap them back again. The process is designed to be free, instant and reversible. How the conversion works bStocks are BEP-20 tokens issued on BNB Smart Chain, the blockchain network associated with Binance. BEP-20 is simply the token standard on that chain, the technical rulebook that lets wallets and apps recognize and handle these tokens. Each bStock is meant to provide 1:1 economic exposure to a US-listed equity. The underlying shares are held by a regulated custodian. Conversion runs through the Binance wallet and is available 24/7. Traditional stock markets keep set hours and take weekends off. Once a share becomes a bStock, it can trade on Binance spot markets around the clock. Users can also withdraw bStocks to compatible wallets for use in decentralized finance, or DeFi. DeFi covers lending, borrowing and trading apps that run on blockchain code rather than through a bank or broker. The numbers so far Binance launched bStocks on June 11, 2026. Assets under management passed over $100 million shortly after launch. By July 28, 2026, that figure had exceeded $500 mi...